Harbor Capital Advisors Inc. Has $4.05 Million Stock Holdings in GE Aerospace $GE

Harbor Capital Advisors Inc. trimmed its position in GE Aerospace (NYSE:GE) by 0.6% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,736 shares of the company’s stock after selling 89 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in GE Aerospace were worth $4,050,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Webster Bank N. A. boosted its holdings in GE Aerospace by 2.1% during the second quarter. Webster Bank N. A. now owns 1,970 shares of the company’s stock valued at $507,000 after acquiring an additional 41 shares during the period. Nicholas Hoffman & Company LLC. lifted its position in shares of GE Aerospace by 1.1% during the 1st quarter. Nicholas Hoffman & Company LLC. now owns 4,046 shares of the company’s stock worth $810,000 after purchasing an additional 43 shares during the last quarter. Truvestments Capital LLC boosted its stake in GE Aerospace by 19.5% during the 1st quarter. Truvestments Capital LLC now owns 282 shares of the company’s stock valued at $56,000 after purchasing an additional 46 shares during the period. First National Bank Sioux Falls grew its holdings in GE Aerospace by 2.8% in the 2nd quarter. First National Bank Sioux Falls now owns 1,663 shares of the company’s stock valued at $428,000 after buying an additional 46 shares during the last quarter. Finally, Sfmg LLC increased its position in GE Aerospace by 2.4% in the 1st quarter. Sfmg LLC now owns 2,088 shares of the company’s stock worth $418,000 after buying an additional 48 shares during the period. 74.77% of the stock is owned by institutional investors.

GE Aerospace Stock Performance

GE stock opened at $293.01 on Wednesday. The company has a 50 day moving average price of $271.00 and a 200 day moving average price of $235.11. GE Aerospace has a fifty-two week low of $159.36 and a fifty-two week high of $294.74. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.04 and a quick ratio of 0.73. The stock has a market capitalization of $310.72 billion, a PE ratio of 40.87, a price-to-earnings-growth ratio of 3.09 and a beta of 1.48.

GE Aerospace (NYSE:GE) last released its earnings results on Thursday, July 17th. The company reported $1.66 EPS for the quarter, beating the consensus estimate of $1.43 by $0.23. The company had revenue of $10.15 billion during the quarter, compared to analysts’ expectations of $9.49 billion. GE Aerospace had a return on equity of 31.32% and a net margin of 18.64%.The business’s revenue for the quarter was up 21.2% on a year-over-year basis. During the same period last year, the firm earned $1.20 EPS. GE Aerospace has set its FY 2025 guidance at 5.600-5.800 EPS. Analysts forecast that GE Aerospace will post 5.4 EPS for the current year.

GE Aerospace Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, July 25th. Shareholders of record on Monday, July 7th were given a dividend of $0.36 per share. The ex-dividend date was Monday, July 7th. This represents a $1.44 dividend on an annualized basis and a yield of 0.5%. GE Aerospace’s dividend payout ratio is presently 20.08%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Citigroup reissued a “buy” rating and issued a $296.00 price objective (up from $227.00) on shares of GE Aerospace in a research report on Monday, July 14th. Wall Street Zen upgraded shares of GE Aerospace from a “hold” rating to a “buy” rating in a research report on Saturday. UBS Group boosted their price objective on shares of GE Aerospace from $300.00 to $321.00 and gave the stock a “buy” rating in a report on Friday, July 18th. Wells Fargo & Company increased their target price on shares of GE Aerospace from $34.00 to $38.00 in a research note on Wednesday, July 23rd. Finally, Barclays lifted their target price on GE Aerospace from $230.00 to $295.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 23rd. Ten investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $232.92.

GE Aerospace Profile

GE Aerospace (also known as General Electric) is a company that specializes in providing aerospace products and services. It operates through two reportable segments: Commercial Engines and Services and Defense and Propulsion Technologies. It offers jet and turboprop engines, as well as integrated systems for commercial, military, business, and general aviation aircraft.